WalkerIVIV
|
|
October 29, 2017, 04:50:21 AM |
|
Some countries don't allow people to invest in ICOs. Why is that? They don't allow ICO that issues dividends and represents the shares of a company, or they just ban all the ICOs?
They are worrying about the more money will go to the ico and they don't get money again from the investors. Some country just try to protect the money and that doesn't allow the money to go to outside from their country.
|
|
|
|
Akash1243
|
|
October 29, 2017, 05:21:24 AM |
|
As many of the ICOs are mostly as scam and many people are falling into the scam so government discourages people to invest in ICOs and China has even banned all ICOs because they are unregulated and many of them are scam.But not all countries has banned ICOs.With regulation of ICOs i am sure that ICOs would be more successful as many fail coins and scam coins would be not passed.
|
|
|
|
OneUnderBridge
|
|
October 29, 2017, 05:51:15 AM |
|
In the US, the SEC was formed from a belief that the Blue Sky Laws were not being enforced. These laws were aimed at protecting private investors, providing causes of action against securities fraud. That was almost 100 years ago, though, and has obviously morphed over time. That said, the initial desire was and is to protect investors. Also, as was quoted in the recent Ethereal SF Summit, regulation is a sign that something is doing well. Most of us already knew this though I might add to this also that the Howey test is an application of the law that applies to those OFFERING the securities and does not apply to those ACCEPTING the securities. And, even if the token was considered a security under Howey, then there are processes by which it might still be offered if all of the regulatory requirements for issuing the security were in compliance.
|
The Movement Unstoppable Organization ▐█▌ ███ █████ ▄███████▄ ████▄▄▄▄▄▄▄▄▄█████████████▄▄▄▄▄▄▄▄▄████ ▀███████████████████████████████████▀ ▀███████████████████████████████▀ ██████████████ ██████████████ ▐████████████ ████████████▌ ███████████ ███████████ ▐██████████ ██████████▌ █████████▀ ▀█████████ ▄████████▀ ▀████████▄ ▄███████▀▀ ▀▀███████▄ ▄█████▀▀ ▀▀█████▄ Trade Whitepaper Bounties ▬▬▬ Connect and Create ⌠ ▄▄████▄▄ ██████████ ████████████ ████████████ █████ ████████████ █████ ███████ ████████████ ███████ ███████ ████████████ ███████ ███████ ██████████ ███████ ███████ ████████ ███████ ██████ ████████ ██████ █████▀ ██████████ ▀█████ ▄▄██▀▀ ██████████████ ▀▀█▄▄ █████ ████████████████████████ █████ █████ ██████████████████████████ █████
|
|
|
pugman
Legendary
Offline
Activity: 2383
Merit: 1551
dogs are cute.
|
|
October 29, 2017, 08:18:05 AM |
|
Some countries don't allow people to invest in ICOs. Why is that? They don't allow ICO that issues dividends and represents the shares of a company, or they just ban all the ICOs?
They don't like random people who comes out of nowhere from a third party country ending up cheating the investors from their country. There is a mindset in the government's mind that ICOS are only meant to to scam people. The security exchanges of those countries are keeping a close eye on crytpo related events happening.
|
|
|
|
APICEMTECH
Full Member
Offline
Activity: 308
Merit: 100
Blockchain Just Entered The Real World
|
|
October 29, 2017, 08:19:15 AM |
|
There have been a real problem of money flowing out of CHina with a lot of chinese investors putting money into various ICO's. This is imo one of the reasons that few countries have banned its citizens from investing in ICO's.
|
|
|
|
Pierre 2
Legendary
Offline
Activity: 2436
Merit: 1362
|
|
October 29, 2017, 08:25:17 AM |
|
They don't let icos cause ico schemes are very problematic/shadowy. Governments want to be sure their citizens' money is safe. This is very bad legality issue.
|
|
|
|
Argoo
|
|
October 31, 2017, 03:45:05 AM |
|
Its weird. In my country ICO is not banned but if its banned i will use VPN or other solutions to invest in ICO . I have the freedom to lose my money.
If the state simply prohibits the conduct of ICO and does nothing to eliminate risks in its conduct and protect the rights of investors with the subsequent resumption of this type of activity, this indicates the inefficiency of such a state. Indeed, everyone has the right to choose and dispose of their funds. Therefore, every citizen has the right to invest in the ICO, even if it subsequently turns out to be fraud.
|
|
|
|
imstillthebest
|
|
October 31, 2017, 03:53:21 AM |
|
Some countries don't allow people to invest in ICOs. Why is that? They don't allow ICO that issues dividends and represents the shares of a company, or they just ban all the ICOs?
which country do you live? some ico's arent actually restricted or prohibited on most countries. ico's are mostly online so i dont think that the government holds it or they can add a law about it although i believe that the main reason why they are banning ico's is because most of them are scam and will likely turn to scam someday, basing on the ico these days, there were only few are only legit with real projects to offer to the public.
|
|
|
|
SHITTRADINGDON
Newbie
Offline
Activity: 23
Merit: 0
|
|
October 31, 2017, 04:50:26 AM |
|
Some countries don't allow people to invest in ICOs. Why is that? They don't allow ICO that issues dividends and represents the shares of a company, or they just ban all the ICOs?
They are fascist&communist like most governments destroying peoples freedom.
|
|
|
|
hot_ads
Member
Offline
Activity: 299
Merit: 15
|
|
October 31, 2017, 04:51:25 AM |
|
|
|
|
|
mroth7684
|
|
October 31, 2017, 05:32:55 AM |
|
Generally, they ban all ICOs. I think, in some respects, the banning of ICOs is necessary. It helps new investors won't lose money and ban scammers. But I also think that let things happen naturally, people will learn from themselves.
|
|
|
|
richcorner100
Full Member
Offline
Activity: 616
Merit: 100
https://exip.live/
|
|
October 31, 2017, 09:47:28 AM |
|
Some country ban ICO because they think ICO can be fraud, scam, and possible any money laundry action. So now very important any regulation in ICO to proctect investor and cryptocurrency community around the world.
|
|
|
|
fedor3327
|
|
October 31, 2017, 09:52:57 AM |
|
If an ICO offers a dividend - it will instantly be classified as a "share". This means its a security and not a cryptocurrency. 99% of all countries have "securities laws" in place. That ICO then will automatically fall under those laws if it offers a dividend.
|
|
|
|
coynedterm
|
|
October 31, 2017, 10:39:17 AM |
|
Some countries don't allow people to invest in ICOs. Why is that? They don't allow ICO that issues dividends and represents the shares of a company, or they just ban all the ICOs?
You said true , China and Korea like countries made rules to regulate the system of ICOs in Thier country because they find it not much better thing for the people as an option of investment Because the answer is simple , we can see lots of ICOs are coming and going and also we can see most of them are better also but few of them are not legit ( scam like system , here it would be better to. Give the example of indocoin ) , that how they run away after the investment . So I think those countries who don't want allow ICOs in Thier countries is better for them to keep away . But still here we can take risk to invest in every ICO project ( but first make simple analysis whether the project has any basic support or not to check whether the project of ICOs is legit or not ) and overall get profit is a better option and I am doing the same .
|
|
|
|
biletskiy
|
|
November 01, 2017, 01:26:26 PM |
|
Some countries don't allow people to invest in ICOs. Why is that? They don't allow ICO that issues dividends and represents the shares of a company, or they just ban all the ICOs?
They just want to receive money from this ICO. So they want to receive taxes. And they can name it with difficult words, but still this is just about taxes!
|
|
|
|
|